The most recent study conducted by Report Ocean, titled “Global N-Butanol Market Size, Share, Pricing, Trends, Growth, Report and Forecast 2023-2030,” presents a comprehensive analysis of the worldwide market. This research delves into the factors driving the market, emerging trends, opportunities for development, as well as potential limitations that may affect the N-Butanol. The report provides an estimation of the global market size and examines recent strategic actions taken by prominent international competitors.
Global N-Butanol Market was valued at USD 3 Billion in 2019 and expected to grow with a CAGR 5% over the forecast period 2020-2027. The chemical formula for N-butanol is C4H9OH, and it is a kind of alcohol with a 4-carbon structure. It is one of the fusel alcohols, which have more than two carbon atoms and are water soluble. N-Butanol is produced by a chemical process and also by the fermentation of sugar from agricultural crops. It is used in the production of chemicals such as butyl acrylate, glycol ethers, butyl acetate, and plasticizers. N-Butanol is used as a precursor to high-value resins and specialty solvents in the production of paints and coatings, cosmetics and fragrances, adhesives, pigment, camphor, and dyes, among other things.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Rising demand for coatings from end-use industries and Increased infrastructural and construction activities are drive the market growth of N-Butanol market. For instance, as per India Brand Equity Foundation, between April 2000 and September 2020, FDIs in the construction growth sector (townships, housing, built up roads, and construction development projects).
Furthermore, construction (infrastructure) operations totalled US$ 25.78 billion and US$ 17.22 billion, respectively, as per the Department for Industrial policy and promotion Trade (DPIIT). Despite that, fluctuating raw material prices and their scarcity in future hinder the growth of market over the forecasting period 2020-2027. The regional analysis of the N-Butanol Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. In which, Asia Pacific is dominating the market owing to rapidly increasing population, urbanization, and industrialization are all factors contributing to the market’s growth in this area. The demand in the area is being driven by the presence of developing markets with strong growth prospects, the availability of cheap labour, rapid infrastructure development, and growing international investments. However, North America and Europe also participating in market growth due to increasing agreement and expansion in construction industry during the forecasting years.
Key Players in Global N-Butanol Market
BASF
BASF-Petronas
Chemicals SDN. Bhd.
Eastman Chemical Company
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Grupa Azoty
Ineos Oxide Ltd
KH Neochem
Oxea GmbH
Perstorp Holding AB
Sasol Ltd
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application:
Butyl Acrylate
Butyl Acetate
Glycol Ethers
Direct- Solvent
Plasticizers
Others
By End Use industry:
Varnishes
Paints
Coatings
Resins
Camphor
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Asia Pacific
China
India
Japan
Australia
Latin America
Brazil
Mexico
Rest of LA
Rest of the World
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